Financial situation during Covid-19 outbreak

Apr 21, 2020

Q. Which of the following best describes your financial situation during the Covid-19 outbreak?

NET: Agree 20/04 13/04 06/04 29/03 22/03
I do not expect the Covid-19 will impact my income 23% 23% 24% 26% 24%
I have sufficient savings to deal with a short-term loss of income 27% 29% 28% 32% 26%
I will struggle with a short-term loss of income, but will get by 32% 33% 31% 23% 29%
I will be in serious financial stress with short-term loss of income 18% 16% 16% 20% 21%
Base (n) 1,051 1,068 1,069 1,086 1,034

 

    Household Employment
  Total Have dependent children Do not have dependent children In paid employment Not in paid employment Retired
I do not expect the Covid-19 will impact my income 23% 18% 26% 14% 23% 46%
I have sufficient savings to deal with a short-term loss of income 27% 24% 29% 31% 17% 34%
I will struggle with a short-term loss of income, but will get by 32% 37% 29% 38% 33% 16%
I will be in serious financial stress with short-term loss of income 18% 21% 16% 17% 28% 4%
Base (n) 1,051 405 646 533 268 202

Information about Covid-19

Apr 21, 2020

Q. To what extent do you agree or disagree with the following statements about the information you’ve received about the Covid-19 outbreak?

NET: Agree 20/04 13/04 06/04 29/03 22/03
I feel informed about the situation and the impact on me and my family 66% 71% 70% 63% 64%
I trust the Government to provide honest and objective information about the Covid-19 outbreak 62% 65% 63% 56% 56%
The information I’ve received has been clear and consistent 55% 58% 52% 47% 51%
I trust the media to provide honest and objective information about the Covid-19 outbreak 41% 42% 51% 42% 35%
Base (n) 1,051 1,068 1,069 1,086 1,034

 

  NET: Agree NET: Disagree Strongly agree Somewhat agree Neither agree nor disagree Somewhat disagree Strongly disagree
I feel informed about the situation and the impact on me and my family 66% 15% 23% 43% 19% 11% 4%
I trust the Government to provide honest and objective information about the Covid-19 outbreak 62% 19% 23% 39% 19% 12% 7%
The information I’ve received has been clear and consistent 55% 26% 18% 37% 19% 18% 8%
I trust the media to provide honest and objective information about the Covid-19 outbreak 41% 32% 8% 33% 26% 20% 12%

Trust in Institutions

Apr 21, 2020

Q. How much trust do you have in the following institutions and organisations?

  NET: Total Trust A lot of trust Some trust A little trust No trust Unsure Mar

2019

Sep 2018 Oct 2017 Sep 2016
Federal police 68% 24% 45% 18% 9% 5% 66% 70% 71% 63%
State police 68% 23% 45% 20% 8% 4% 66% 67% 67% 63%
The High Court 61% 21% 40% 23% 10% 6% 58% 61% 61% 57%
The Reserve Bank 60% 16% 44% 23% 10% 7% 49% 50% 49% 47%
The ABC 58% 19% 39% 22% 12% 8% 51% 54% 52% 53%
Courts and the legal system 57% 16% 41% 27% 12% 4%
Charitable organisations 54% 12% 42% 27% 13% 6% 50% 47% 46% 43%
Federal Parliament 53% 13% 40% 29% 13% 5% 35% 28% 30% 26%
Your local council 53% 10% 43% 29% 14% 5% 43% 42% 38% 36%
The Commonwealth public service 52% 11% 40% 31% 10% 8% 42% 39% 38% 36%
State Parliament 51% 12% 40% 29% 14% 6% 36% 31% 31% 26%
Environment groups 46% 12% 33% 30% 18% 7% 43% 42% 42% 39%
Trade unions 42% 8% 34% 29% 21% 9% 31% 25% 25% 25%
Business groups 40% 6% 34% 37% 15% 9% 31% 29% 28% 27%
Religious organisations 35% 8% 27% 28% 31% 6% 27% 28% 26% 26%
Political parties 33% 5% 28% 38% 22% 7% 22% 15% 18% 14%
  • There have been large increases in the trust in institutions and organisations from last year.
  • Trust in the following all significantly increased from last year: federal parliament (35% to 53%), state parliament (36% to 51%), local councils (43% to 53%), the Commonwealth public service (42% to 52%), the Reserve bank (49% to 60%), business groups (31% to 40%), trade unions (31% to 42%), religious organisations (27% to 35%) and political parties (22% to 33%).
  • Federal and state police (68% trust) remain the most trusted institutions in the list.

Coronavirus concerns

Apr 14, 2020

Q. To what extent are you concerned about the threat of Covid-19 (coronavirus) in Australia?

  13/04 06/04 29/03 22/03 09/03 10/02
Very concerned 45% 51% 53% 39% 27% 25%
Quite concerned 43% 37% 35% 43% 36% 43%
Not that concerned 9% 10% 10% 14% 28% 26%
Not at all concerned 3% 2% 3% 4% 9% 6%
Base (n) 1,068 1,069 1,086 1,034 1,096 1,057

 

    Age group Location
  Total 18-34 35-54 55+ Capital Non-Capital
Very concerned 45% 45% 47% 45% 47% 42%
Quite concerned 43% 43% 40% 44% 43% 43%
Not that concerned 9% 9% 10% 8% 8% 12%
Not at all concerned 3% 2% 3% 3% 2% 4%
Base (n) 1,068 343 340 385 722 346
  • Concern about the threat of Covid-19 has lessened this week, with 45% saying they are very concerned (down from 51% last week). The proportion of people who say they are Quite concerned has increased by the equivalent amount from 37% to 43%).
  • The proportion of over 55s saying they are very concerned has decreased from 54% to 45, while concern in both capital and regional areas has eased (those very concerned in capital cities has fallen from 53% to 47%, while in regional areas it has moved from 48% to 42%).

Specific Covid-19 concerns

Apr 14, 2020

Q. To what extent are you concerned about these possible impacts of the Covid-19?

  Very concerned Quite concerned Not that concerned Not at all concerned Unsure
The Australian economy as a whole 45% 40% 10% 3% 2%
General unemployment if companies are forced out of business 39% 40% 12% 5% 4%
The physical health of close family members 32% 41% 19% 6% 3%
My economic situation if I lose my job or have less work 32% 26% 16% 19% 7%
The impact on my superannuation, savings or investments 31% 32% 18% 12% 7%
My physical health and catching the virus 27% 35% 26% 8% 3%
My close family members’ mental health 24% 38% 24% 11% 3%
My ability to buy food and essential items if stores run out 23% 35% 26% 12% 3%
Children’s development by missing out on school 21% 31% 23% 17% 8%
My mental health as a result of social distancing 18% 29% 28% 22% 3%
  • Economic issues are seen as most concerning when thinking about the consequences of the Covid-19 crisis. 45% say they are worried about the economy as a whole and 39% are very concerned about general unemployment.
  • The top concern for 18-34 year olds was their financial position if they lose a job or work (40% said this was very concerning). The economy (37%) and general unemployment (36%) were also main concerns for this age group. Those aged 18-34 were more likely than other age groups to be concerned about the impact on their mental health (25% to 15%), and that of their families (30% to 21%).
  • Concern for children is highest among those in households with dependent children (30% are very concerned).

Likelihood of developing Coronavirus

Apr 14, 2020

Q. How likely do you think it is, that you will develop Covid-19?

  13/04 06/04 29/03 22/03 09/03
Very likely 5% 8% 8% 8% 7%
Somewhat likely 28% 33% 36% 34% 24%
Somewhat unlikely 49% 45% 45% 45% 43%
Very unlikely 18% 14% 12% 13% 26%
Base (n) 1,068 1,069 1,086 1,034 1,096

 

    Age group Location
  Total 18-34 35-54 55+ Capital Non-Capital
Very likely 5% 8% 8% 1% 6% 3%
Somewhat likely 28% 32% 26% 25% 28% 27%
Somewhat unlikely 49% 39% 49% 58% 48% 52%
Very unlikely 18% 20% 17% 16% 17% 18%
Base (n) 1,068 343 340 385 722 346
  • Catching Covid-19 is seen as less likely this week, with fewer people saying they are very or somewhat likely to contract the virus (33%, down from 42% last week). The biggest decreases in likelihood were in Queensland (from 44% to 28%) and WA (from 38% to 26%).
  • The perceived threat of catching Covid-19 among Greens voters dropped from 56% who thought they were very/somewhat likely to catch Covid-19 (the highest of voter IDs last week) to 35% – which is now in line with voters of other parties.

Reaction to Covid-19

Apr 14, 2020

Q. Which of the following is closer to your personal views of the Covid-19 outbreak?

  13/04 06/04 29/03 22/03
There has been an over-reaction to the threat of Covid-19 13% 17% 18% 33%
The response to the threat of Covid-19 is about right 59% 46% 39% 39%
The threat of Covid-19 has been under-estimated 29% 37% 43% 28%
Base (n) 1,068 1,069 1,086 1,034

 

    Gender Age Group
  Total Male Female 18-34 35-54 55+
There has been an over-reaction to the threat of Covid-19 13% 16% 10% 19% 13% 7%
The response to the threat of Covid-19 is about right 59% 58% 60% 52% 63% 60%
The threat of Covid-19 has been under-estimated 29% 26% 31% 29% 23% 33%
Base (n) 1,068 537 531 343 340 385
  • Over half of people (59%) now believe the reaction to the threat of Covid-19 has been about right.

Economic expectations

Apr 14, 2020

Q. Which of the following is closer to your expectations of what will happen to the economy following the Covid-19 situation?

  13/04 06/04
The economy will rebound within 2-3 months and grow just as strong or stronger than before Covid-19 12% 11%
The economy will be impacted for 6-12 months or longer and will stagnate or show slow growth thereafter 49% 51%
Covid-19 will have long lasting impact on the economy and the country will fall into a lengthy recession 27% 29%
Unsure 11% 9%
Base (n) 1,068 1,069

 

    Gender Age Group
Total Male Female 18-34 35-54 55+
The economy will rebound within 2-3 months and grow just as strong or stronger than before Covid-19 12% 13% 11% 12% 13% 11%
The economy will be impacted for 6-12 months or longer and will stagnate or show slow growth thereafter 49% 51% 48% 52% 49% 48%
Covid-19 will have long lasting impact on the economy and the country will fall into a lengthy recession 27% 26% 29% 23% 28% 30%
Unsure 11% 10% 13% 12% 10% 11%
Base (n) 1,068 537 531 343 340 385
  • Little change in the economic expectations from last week, with half of people (49%) think Covid-19 will impact the economy for up to a year, with slow growth following. A further 27% believe the impact will be even more devastating, with long-lasting impact and recession.
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